Monex Precious Metals

Monex Deposit Company (trading as Monex Precious Metals)Company type| Private company

|

Industry| Financial services
Founded| 1987 (1987)
Headquarters|

Newport Beach, California

United States

Products| Precious metals dealer
Website| www.monex.com

This article is about bullion dealer. For other companies with similar names, see Monex (disambiguation).

Monex Precious Metals is a United States bullion dealer that buys and sells precious metals to retail clients headquartered in Newport Beach, California. The company offers Gold, Silver, Platinum and Palladium coins, bars, bullion rounds, collectibles and other numismatics products from various mints around the world.[1]

## History

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The company was founded in 1987 in California.[2]

In 2017, the CFTC charged the company with defrauding 3,000 clients, accusing the company of making false claims to investors, mostly to the elderly, in television commercials.[3] The company rejected the charge saying that the CFTC did not have jurisdiction over it.[4]

## References

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1. ^ "Monex Offers a Wide Range Of Precious Metals Investment Products". Monex Precious metals. Retrieved January 12, 2018.
2. ^ "Company Overview of Monex Deposit Company". Bloomberg. Retrieved January 11, 2019.
3. ^ "CFTC Charges Monex With $290 Million Precious-Metals Fraud". The Wall Street Journal. September 6, 2017.
4. ^ "Newport Beach precious metal dealer Monex accused of $290-million fraud". Los Angeles Times. September 6, 2017.